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yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. p what i've suggested is let's essentially put a down payment on taxes. let's let tax rates on the upper income folks go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform, we look at what loopholes and deductions both democrats and republicans are willing to close, and it's possible that we may be able to lower rates by broadening the base at that points. >> in the meantime, now the gop is fighting with itself. speaker boehner is facing growing backlash from the more conse
yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go...
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Dec 4, 2012
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what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon could take the biggest hit from president obama told defense experts monday, don't worry. >> even as we make very tough fiscal choices, we're going to keep investing in these programs. >> reporter: he went online on youtube and twitter explaining why he thinks the rich should pay more. going over the fiscal cliff could cost america jobs. >> we're only expanding 2% right now. it needs to be considerably higher to bring more people off unemployment. >> reporter: for the jobless, president obama is asking congress for millions more. and more on the president's plan which will pitch to governors today largely spares social se
what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon...
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Dec 6, 2012
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he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint economic committee hearing. they're going to hear from a top economist not only about the jobs numbers coming out tomorrow but also about what can be done to avoid this issue at the end of the year. >>
he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us...
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Dec 5, 2012
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ambassador susan rice. >>> elsewhere, president obama has drawn a hard line on tax increases for the wealthiest of americans. rejecting an offer that republicans claim is as good as it's going to get. tracie potts joins us with the latest on this. good morning. >> reporter: right now it's looking more likely that we could, could, go over that fiscal cliff at the end of the month because right now, negotiations here are at a stand still. president obama talks to the business round table today after telling bloomberg he absolutely won't bunch. the wealthiest americans must pay more. >> we're not going to be able to get a deal without it. >> reporter: he may be in a good position to wait it out. a new poll found more half of americans will blame republicans if we go over the fiscal cliff. >> republicans do not want to touch one hair on the head of one person making over $250,000. that is the rub. >> they've got to come with some specific revenue. they refuse to do that. >> reporter: even other republicans are split on john boehner's plan to avoid tax hikes all together and admit negotia
ambassador susan rice. >>> elsewhere, president obama has drawn a hard line on tax increases for the wealthiest of americans. rejecting an offer that republicans claim is as good as it's going to get. tracie potts joins us with the latest on this. good morning. >> reporter: right now it's looking more likely that we could, could, go over that fiscal cliff at the end of the month because right now, negotiations here are at a stand still. president obama talks to the business round...
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Nov 29, 2012
11/12
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you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses or hurt our economy. >> meanwhile, president obama is again stepping into defend susan rice who was locked in a face-to-face power struggle with republicans on capitol hill for the second straight day. as nbc's andrea mitchell reports, it's not getting any easier for the women many believe who will be nominated for the next secretary of state. >> the primary purpose from my perspective -- >> with hillary clinton nodding approval, the president sent a strong message to the republicans, don't mess with my u.n. ambassador. rice a welcomed signal that her nomination is still alive despite another brutal day on capitol hill. >> the u.n. ambassador decided to play what was essentially a political role at the height of a contentious presidential election campaign. >> i would just ask the president to step back for a moment and realize that all of us here hold the secretary of state to a very different standard than most cabinet members. >> reporter: why is she s
you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses or hurt our economy. >> meanwhile, president obama is again stepping into defend susan rice who was locked in a face-to-face power struggle with republicans on capitol hill for the second straight day. as nbc's andrea mitchell reports, it's not getting any easier for the women many believe who will be nominated for the next secretary of state. >> the primary purpose from...
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Nov 29, 2012
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democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: tomorrow he'll host a campaign style event where he calls on lawmakers to extend the tax rates on families making less than $250,000 a year. once that's done they can wo
democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try...
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and for the obama administration, the question is, is it in their interest to trade tax cuts for the wealthy? increase for the wealthy for raising the age for eligibility for medicare, for example. i'm not sure that that's a trade that they are eager to make immediately. >> let me show you the side by side comparison. the president wants $1.6 trillion in revenue and republicans want to cap the same deductions for the rich but republicans want to change the age to 67 and change the way they calculate social security payments. i wonder, though, when we look at these numbers, are we that far apart in. >> i think they are definitely rather far aare part at this moment in time. yeah, absolutely. >> so there are so many ways that any of this could affect the average tack payer, obviously if taxes go up. but what about funding to states and localities. i know that one of the things that they are concerned about is that when you make cuts, that essentially those cuts are going to come on their budgets. what could happen in a meeting like this between bipartisan governors and the president? >
and for the obama administration, the question is, is it in their interest to trade tax cuts for the wealthy? increase for the wealthy for raising the age for eligibility for medicare, for example. i'm not sure that that's a trade that they are eager to make immediately. >> let me show you the side by side comparison. the president wants $1.6 trillion in revenue and republicans want to cap the same deductions for the rich but republicans want to change the age to 67 and change the way...
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Dec 6, 2012
12/12
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in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter and the two men have not moved from that basic position. now, all of this quomz comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. all americans get a tax cut on the first $250,000 of their income. so, in some sense it's a tax cut for all americans. >> reporter: bottom line, anderson, we're talking today but still at stalemate. >> yeah, i mean, it's a sign, jessica and dana, of just how lack -- how little progress there's been that a phone call is big
in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter and the two men have not moved from that basic position. now, all of this quomz comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates....
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Dec 6, 2012
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the question is are they going to raise taxes on everyone or allow obama's idea of raising taxes on just the job creators? >> sean: if we're governing based on perception, we'll lose always. >> no, no. >> sean: yeah, always. the media will always side with the democrats and the liberals. >> of course they will, but there are some things where you're handing a gift to the media where there is something to the point they're making, and moreover, the point is standing on principle. if they could win, that would be one thing. they can't win. >> sean: they might as well have the whole government and let them take the responsibility for the failure. >> we can raise taxes on hollywood, new york, new york and warren buffett. you're wrong. >> they're going to lose. >> sean: you're saying the pr war. >> no, no, no. >> sean: they have the power of the purse. they should use their constitutional authority. >> if they block tax hikes on the income earners, taxes go up for everyone. how is that winning? that isn't winning. just make sure the media cannot blame the next four years of the economy on the
the question is are they going to raise taxes on everyone or allow obama's idea of raising taxes on just the job creators? >> sean: if we're governing based on perception, we'll lose always. >> no, no. >> sean: yeah, always. the media will always side with the democrats and the liberals. >> of course they will, but there are some things where you're handing a gift to the media where there is something to the point they're making, and moreover, the point is standing on...
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president obama proposing a plan that calls for a $1.6 trillion in tax increases over ten years. what's lacking is details on spending cuts. after weeks of talking, republicans saying the president is not meeting them halfway. >> there is a tail mate. let's not kid ourselves. i'm not trying to make this more difficult. you watched me over the last three weeks, i've been very guarded in what i have to say because i don't want to make it harder for me or the president or members of both parties to be able to find common ground. >> arthel: is the president looking to pick a fight with the gop and does he want to go over the fiscal cliff? joining us live now, susan estridge and fox news contributor. good to sigh. >> good to see you, art. >> arthel: so is it preposterous or practical to think that president obama wants to go over the fiscal cliff? >> you know, art, i got to believe that at the end of the day, nobody wants to go over the fiscal cliff. i mean, the one thing we know that came out of this election, this very close election, was that people want both sides to work together
president obama proposing a plan that calls for a $1.6 trillion in tax increases over ten years. what's lacking is details on spending cuts. after weeks of talking, republicans saying the president is not meeting them halfway. >> there is a tail mate. let's not kid ourselves. i'm not trying to make this more difficult. you watched me over the last three weeks, i've been very guarded in what i have to say because i don't want to make it harder for me or the president or members of both...
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, obama-care already taxes the middle class. the majority of the country do not want to be taxed. what they don't know already is everybody is getting a tax increase because of obama-care. people get the government spending too much. they want spending cuts. i will give you this, though. when you start to talk about specific cuts, people say don't cut my entitlement. that's the difficult issue in washington. but democrats have to wake up. martha: when you look at the 2% you are talking about. now it's 2%. when you look at it. who they want to have taxes raids on the white house. it's not a fiscal policy. is that a punishment orifice cal policy? >> i don't think it many a punishment. not in and of itself which is why you have to couple that with three times as much spending cuts. these people have had the best of the best for the last 20 years. when there is a tax bill they get favored. it's time for them to give a little back. andrea says all these people will be hurt. they will be hurt because her party is holding on for a bunc
, obama-care already taxes the middle class. the majority of the country do not want to be taxed. what they don't know already is everybody is getting a tax increase because of obama-care. people get the government spending too much. they want spending cuts. i will give you this, though. when you start to talk about specific cuts, people say don't cut my entitlement. that's the difficult issue in washington. but democrats have to wake up. martha: when you look at the 2% you are talking about....
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Nov 30, 2012
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but indication today that president obama is a little bit more flexible on the tax hike for the rich, at least than we thought, but he still want to doe i have tdestroy you rich pe, kidding, he doesn't toupee more but not clinton era more. 38%, that is potentially a significant development, it could be a deal maker, he is why, president says he -- republicans to give in on having rich pay more taxes, republicans could say as least as not as much more. in a sense, it splits the tax revenue difference. there is still a long way from the deal. but clearly sign yet that this president, who has been attacked for not being flexible on spending cuts, by not cutting anybody. what to make of it? tom fanning. and former bush front economic director todd. erin, what are we to make of this? do you get a sent from this, that this is the making of a middle ground deal? >> i think it is. i was up on capitol hill today. john boehner had a press conference followed one by senate democratic leaders, they were both chest thumping saying neither side of getting closer, but privately they are, republicans
but indication today that president obama is a little bit more flexible on the tax hike for the rich, at least than we thought, but he still want to doe i have tdestroy you rich pe, kidding, he doesn't toupee more but not clinton era more. 38%, that is potentially a significant development, it could be a deal maker, he is why, president says he -- republicans to give in on having rich pay more taxes, republicans could say as least as not as much more. in a sense, it splits the tax revenue...
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Nov 30, 2012
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another day, another republican jumping ship from grover norquist and his anti-tax pledge. this time it's new york congressman chris gibson who said that because of redistricting, he figures the pledge only applies to the area he was serving before. >>> and this was the photo op of the day. of course, vice president joe biden, he was shopping at the new costco in washington, d.c. he munched on some cookie samples, bought children's books, a tv set and apple pie. >>> remember this guy? the one who vowed to keep his romney/ryan campaign tattoo dispute the election results? reality has apparently caught up with him, and it's coming off soon. and that's your dish of "scrambled politics." >>> another day of fiscal cliff drama. stocks reversed early gains and fell shortly after house speaker john boehner dashed hopes that lawmakers were getting closer to agreeing on a year-end budget deal. but all three major markets did bounce back by the afternoon. >>> economic data was positive thursday, but we'll see what impact there is today from grim news out of europe. eurozone unemployme
another day, another republican jumping ship from grover norquist and his anti-tax pledge. this time it's new york congressman chris gibson who said that because of redistricting, he figures the pledge only applies to the area he was serving before. >>> and this was the photo op of the day. of course, vice president joe biden, he was shopping at the new costco in washington, d.c. he munched on some cookie samples, bought children's books, a tv set and apple pie. >>> remember...
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president obama wants to plug that trillion dollars hole by raising taxes on household incomes, as we all know that have incomes over $250,000. the top 2%. that would bring in $802 million, $82 billion. that's about 8% of that deficit. so does that suggest e have a tax problem or, perhaps, a spending problem? think about this. taxpayers making more than $250,000 representing the top 2% paid more than 46% of all texas. that would seem like a pretty fair deal to most of us, but the president says it is not fair. we don't know what that number is. how much should it be? and contrary to what the president would have you believe as he campaigns untack sites all around the country and against the wealthy, he's doing a lot of that. the bush tax rates are not the root of our problems. in fact, individual tax payments rose, get this, $2,303,000,000,000 or 26%. over the past two years. under those very low unshared bush tax rates with the difficult slope but a growing economy we still added $233 billion to the federal revenue. here is what happens if obama drives us off the cliff. that 82 billi
president obama wants to plug that trillion dollars hole by raising taxes on household incomes, as we all know that have incomes over $250,000. the top 2%. that would bring in $802 million, $82 billion. that's about 8% of that deficit. so does that suggest e have a tax problem or, perhaps, a spending problem? think about this. taxpayers making more than $250,000 representing the top 2% paid more than 46% of all texas. that would seem like a pretty fair deal to most of us, but the president says...
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Nov 30, 2012
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take a listen. >> obama: let's make sure that middle class taxes don't go up. let's get that done in the next couple of weeks. let's also work together on a fair balanced responsible plan so that we are paying our bills we're not spending it on things we don't need but we're spending it on the things that make us grow. >> jennifer: he got the message to the public. what is he saying to congress. >> he's basically saying what we've seen other people say here around town which is give me a proposal. i think one of the lessons that the president learned early on during the first part of his administration is i think somebody else in the "washington post" might have said it when they said he's not going to negotiate with himself any longer. the nicer gentler barak obama who did closed-door negotiations who was always greeted by members of congress with obstructionism that is gone with the majority of americans voting for him. he came out and said give me a proposal. if you want to limit tax deductions tell me what it is you want to limit. if you want to reduce enti
take a listen. >> obama: let's make sure that middle class taxes don't go up. let's get that done in the next couple of weeks. let's also work together on a fair balanced responsible plan so that we are paying our bills we're not spending it on things we don't need but we're spending it on the things that make us grow. >> jennifer: he got the message to the public. what is he saying to congress. >> he's basically saying what we've seen other people say here around town which...
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Dec 1, 2012
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president obama was on the wrong side of it then. definitely headed -- leading the country in a bad direction now. he had every reason to try to figure out a way to help the republicans, help get them to a deal so everyone could not have this anxiety leading up to the fiscal cliff. he is exacerbated the anxiety with the ridiculous plan. mitch mcconnell does not show emotion about anything ever. he has the best poker face. geithner's proposal must have been absurd that he laughed out loud would have been fan tast tic to see. >> andrea: there is a second stimulus. all spending and taxing. how would you feel if the republicans walked away? something you celebrate? >> bob: if they walked away permanently celebrate it particularly. look, the republicans, the question i've got here is why are you putting at risk all the things you talk about? the recession and the dire things, for the sake of people at the top 2%. i don't understand that. >> eric: you are not being fair. >> bob: what do you mean? >> eric: that there will be a recession if
president obama was on the wrong side of it then. definitely headed -- leading the country in a bad direction now. he had every reason to try to figure out a way to help the republicans, help get them to a deal so everyone could not have this anxiety leading up to the fiscal cliff. he is exacerbated the anxiety with the ridiculous plan. mitch mcconnell does not show emotion about anything ever. he has the best poker face. geithner's proposal must have been absurd that he laughed out loud would...
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Dec 1, 2012
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cuts. >> obama: joe biden was in costco. he wanted to buy some of this stuff, but i told him he had too much work to do. i wasn't going to have him building roller coasters all day long. >> cenk: and then i handed him in a pen. >> my favorite reality show on television is joe biden in costco. there was not one sample that he didn't take. >> he's like a kid at costco. >> so it's interesting. that's the first costco that opened up in d.c. and of course, there are a lot of people excited about it, and people want to go and check it out. when you look at the way costco treats its workers that's where the real story is, right? especially when you care costco to walmart. first let me tell you warehouse workers in southern california have petitioned to include wal-mart as a defendant in a lawsuit about wages. theythe average costco worker makes $17 an hour. and average wage for walmart work is $8.81 an hour. >> cenk: that is an enormous difference. costco is not out of business. they're profitable and per employee, this gives you a
cuts. >> obama: joe biden was in costco. he wanted to buy some of this stuff, but i told him he had too much work to do. i wasn't going to have him building roller coasters all day long. >> cenk: and then i handed him in a pen. >> my favorite reality show on television is joe biden in costco. there was not one sample that he didn't take. >> he's like a kid at costco. >> so it's interesting. that's the first costco that opened up in d.c. and of course, there are a...
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Dec 3, 2012
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there you see the obama offer in terms of what he has put on the table. he would like to see a bunch of new taxes particularly tax 92 creases, $960 billion and the key here is that what the president has offered in all told is $1.6 trillion in new tax revenues and what the speaker countered with today was $800 billion. you can see how far apart the two men are. there is a lot of negotiating to be done between here and there. >> what is your guesstimate on a counter? >> i think we have a counter at some point in the next couple of days. where they go in terms of those numbers i don't know because this would be the first time that either party has to move far off of its talking points. both parties made offers that are basically what the talking points are. now we get to the nitty-gritty. who is willing to show a little leg and compromise. >> quite a metaphor. >> whoa! >> you show a little leg. >> rise above, show a little leg. it's all the same. thank you. >> poor guy he is doing a serious report -- >> and then you guys chime in. >> the "fast money" hounds
there you see the obama offer in terms of what he has put on the table. he would like to see a bunch of new taxes particularly tax 92 creases, $960 billion and the key here is that what the president has offered in all told is $1.6 trillion in new tax revenues and what the speaker countered with today was $800 billion. you can see how far apart the two men are. there is a lot of negotiating to be done between here and there. >> what is your guesstimate on a counter? >> i think we...
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all along, president obama was saying i'm taking away the bush tax cuts, we're going back to the clinton era rates right? all of a sudden not really going back to the clinton era rates. that's why i was saying you know what, they might increase the rates because president obama has said it way too many times not to increase the rates at all, but although as we've sheen you, they've also hint haded they might lower rates. he's not going to go back up and take the bush tax cuts away. the final might be 37%. politico same reporting as the wall street journal on that. they say it might be about $1.2 trillion in tax increases. they say realistically it could be closer to a trillion dollars. that's similar to what we've been hearing. the democrats are supposed to have leverage, but looks like they'll get the same trillion dollars that president obama has always been asking for. finally, or two final notes on this we've got the $1.2 trillion in cuts that we might be getting. that's weird because it looked like the cuts were going to be much more than that. we'll see how that plays out. on medic
all along, president obama was saying i'm taking away the bush tax cuts, we're going back to the clinton era rates right? all of a sudden not really going back to the clinton era rates. that's why i was saying you know what, they might increase the rates because president obama has said it way too many times not to increase the rates at all, but although as we've sheen you, they've also hint haded they might lower rates. he's not going to go back up and take the bush tax cuts away. the final...
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obama wants to raise taxes on the wealthy. obama wants to eliminate deductions and close loopholes plus cut spending for entitlement programs. the president has said there can't be tax cuts for the rich at the expense of the domestic program which is frustrating for some republicans. >> this president, i think the president with president obama he's a small minded president in big times. he is talking about 35 verses 39.6 for people who make over a million dollars. that doesn't get us out of debt. >> both sides will be taking their plan to the public this week they will meet with governors for state business he's meeting with the governors today. john boehner will be with governors plus conduct rallies with small business owners. we don't know if these two sides are going to reach an agreement any time soon and the fiscal cliff is past approaching. >> thank you very much. we are going to keep with the fiscal cliff and take a look at who is talking. charles krauthammer weighing in on the negotiations. the approach on the presid
obama wants to raise taxes on the wealthy. obama wants to eliminate deductions and close loopholes plus cut spending for entitlement programs. the president has said there can't be tax cuts for the rich at the expense of the domestic program which is frustrating for some republicans. >> this president, i think the president with president obama he's a small minded president in big times. he is talking about 35 verses 39.6 for people who make over a million dollars. that doesn't get us out...
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tax increases are triggered? yes or no and we will give you the results of that poll on monday. directly ahead, network news operations firmly behind tax increases or so it seems. but dennis miller none to happy about his portfolio being drained off by the feds and the state of california. those reports after these messages. t wants that pink cast. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. i wish my patits could see what i see. ♪ that over time, having high cholesterol and any of thesrisk factors can put them at increased risk for plaque buildup in their arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alone aren't enough, i pres
tax increases are triggered? yes or no and we will give you the results of that poll on monday. directly ahead, network news operations firmly behind tax increases or so it seems. but dennis miller none to happy about his portfolio being drained off by the feds and the state of california. those reports after these messages. t wants that pink cast. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get...
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Dec 6, 2012
12/12
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WETA
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. >> reporter: president obama today, in washington, assured business executives he'll reject attempts to link the fiscal cliff budget negotiations to future increases in the nation's debt ceiling. "the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game because we've got to... we've got to break that habit before it starts. >> reporter: the 2011 standoff between the president and republicans led the nation to the brink of national default. standard and poor's even lowered its rating on u.s. government bonds. now, the president has proposed he be given authority to raise the debt ceiling without congressional action. house republ
. >> reporter: president obama today, in washington, assured business executives he'll reject attempts to link the fiscal cliff budget negotiations to future increases in the nation's debt ceiling. "the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way suggests that...
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Dec 6, 2012
12/12
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FOXNEWS
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tax increases are triggered? yes or no and we will give you the results of that poll on monday. directly ahead, network news operations firmly behind tax increases or so it seems. but dennis miller none to happy about his portfolio being drained off by the feds being drained off by the feds and the state of califororororor [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >> bill: unresolved problem segment tonight, according to the media research center a conservative watchdog group newscast focus twice as much on tax increases for the wealthy as they have on spen
tax increases are triggered? yes or no and we will give you the results of that poll on monday. directly ahead, network news operations firmly behind tax increases or so it seems. but dennis miller none to happy about his portfolio being drained off by the feds being drained off by the feds and the state of califororororor [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than...
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go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fact that they're talking seems to be progress these days here on capitol hill. >> we'll take that. tracie potts for us in washington. tracie, thanks. >>> egypt state television is reporting at least five people were killed in overnight flashes between supporters and opponents of egyptian president mohammed morsi. the street battles were the most violent since egypt's latest crisis erupted two weeks ago where morsi assumed near absolute power. the opposition is vowing more protests later today. >>> this morning, two australian radio hosts are apologizing for a prank call that's getting worldwide attention. it was made to the hospital where kate is being treated for acute morning sick sentencesness. anna bell roberts is with us. >> reporter: good morning, lynn. that's right. the latest on kate's condition i
go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fact that they're talking seems to be progress these days here on capitol hill. >> we'll take that. tracie potts for us in washington. tracie, thanks. >>> egypt state television is reporting at least five...
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Nov 29, 2012
11/12
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MSNBCW
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tax cuts, and sort of dare the republican party not to vote for, you know, a new round of obama tax cuts. politically the president holds those but it's more important than that. the american people, after looking at options presented to them reclearly with a return of president obama to the white house, or initiating mitt romney presidency, chose a return of president obama to the white house and therefore gave him a very clear mandate to hold the line on the question of entitlements there when it comes to talking about entitlements, or earned benefits as progressives like to refer to it, what is the way that the president and those on the left can look and also appear to the right to be willing to compromise? what can they put on the table, if anything? >> well, i just don't think that any of us think that it is a reasonable idea to over the course of the next week and a half, over the course of the holiday season, for the president and this congress, which is a lame duck congress, to engage in major entitlement reforms of programs that have helped to lift millions of americans ou
tax cuts, and sort of dare the republican party not to vote for, you know, a new round of obama tax cuts. politically the president holds those but it's more important than that. the american people, after looking at options presented to them reclearly with a return of president obama to the white house, or initiating mitt romney presidency, chose a return of president obama to the white house and therefore gave him a very clear mandate to hold the line on the question of entitlements there...
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Dec 1, 2012
12/12
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CSPAN
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in his weekly address, president obama talks about u.s. tax policy, the tax cut put in place at the it illustration that will expire at the end of this year. -- by the past administration that will expire at the end of this year. be on some important decisions that will have a real impact on our businesses -- and on families like yours. the most pressing decision has to do with your taxes. see, at the end of the year, middle-class tax cuts are set to expire. and there are two things that can happen. first, if congress does nothing, every family will see their income taxes automatically go up at the beginning of next year. a typical middle class family of four will see their income taxes rise by $2,200. we can't let that happen. our families can't afford it, and neither can our economy. the second option is better. right now, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody. that means that 98% of americans and 97% of small businesses wouldn't see their income taxes go up at all. a
in his weekly address, president obama talks about u.s. tax policy, the tax cut put in place at the it illustration that will expire at the end of this year. -- by the past administration that will expire at the end of this year. be on some important decisions that will have a real impact on our businesses -- and on families like yours. the most pressing decision has to do with your taxes. see, at the end of the year, middle-class tax cuts are set to expire. and there are two things that can...
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more revenue than what president obama is taxing about what he says tax the rich, his proposal does not add a drop in the buckie on the our problem. this is not a plan or a solution, this is a political trophy, to the left. and republicans should not go along with it. neil: u know, senator, a pleasure knowing you, i always gauge viewer interest in a particular personalty, or senator or congressman from number of e-mails i get, it is no a quid pro quo but this is a good barometer, i get a ton you on every time, whether, fox news or fox business, that leads me to believe, a lot of folks really like you, it can't just be your family e-mailing me, which makes me think there is a presidential candidate in the making, what do you say? >> i told ed folder of heritage foundation 4 years okay when people told me to run for president is only president i want to be is president of heritage foundation, this is the group that can turn our country. neil: you would rather be president of the he heritage foundation than president of u.s. >> i don't think you will see a conservative as president of
more revenue than what president obama is taxing about what he says tax the rich, his proposal does not add a drop in the buckie on the our problem. this is not a plan or a solution, this is a political trophy, to the left. and republicans should not go along with it. neil: u know, senator, a pleasure knowing you, i always gauge viewer interest in a particular personalty, or senator or congressman from number of e-mails i get, it is no a quid pro quo but this is a good barometer, i get a ton...
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Nov 29, 2012
11/12
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FBC
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there is no question that president obama said the rich will pay more if i'm elected. the question is, can you get a compromise? republicans give up their opposition to tax increase, democrats are willing to cut spending they cherish realize part of the deal to avoid america borrowing --. neil: but they're not doing that latter part. that is what worries me. maybe they will. maybe something is going on behind closed doors i'm not seeing governor but they're not doing that. >> big question was, is prop 30 is this passage a harbinger of good news and we'll somehow avoid the fiscal cliff. i think it might be. it will require both sides to realize america should take priority over your party, being republican and democrat. we can't keep borrowing 40 cents out of every dollar without becoming a debtor nation and engaging in a slow dim minute news of out influence and power around the world. i think a seminal event at the federal level as well. neil: governor wilson, at least unlike washington, here in california you have guys been doing a lot of cutting. you could cut a lot
there is no question that president obama said the rich will pay more if i'm elected. the question is, can you get a compromise? republicans give up their opposition to tax increase, democrats are willing to cut spending they cherish realize part of the deal to avoid america borrowing --. neil: but they're not doing that latter part. that is what worries me. maybe they will. maybe something is going on behind closed doors i'm not seeing governor but they're not doing that. >> big question...
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Dec 5, 2012
12/12
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. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer to extend the bush tax cuts for everybody under $250,000 and at least take that uncertainty off the table and then continue to negotiate the rest to have later. some of the republicans are now coalessing around that view that they should give into what the president is suggesting, at least temporarily, and continue to negotiate on the rest because there's a lot of political pain here for republicans if we do get to the point where we go over the cliff because of those higher tax rate pateryers, guys. >> all right, eamon. thank you. >> the talk continues, but none of it face to face. be sure to catch a liv
. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer...
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president obama spent his afternoon in northern virginia again pushing his case for raising taxes on families earning more than $250,000 a year. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> so i think it's safe to say at this point that the president actually isn't interested in a balanced agreement, he's not particularly interested in avoiding the fiscal cliff, and he's clearly not interested at all in cutting any spending. >> reporter: while democrats and republicans debate the size and specifics on tax increases, the two sides also remain apart on spending cuts, reforming entitlement programs like medicare and on the president's request to have greater power to raise the country's debt limit. but the news coming out of this one, "wall street journal" headlines saying that staff members from the president's team and from speaker boehner's team are genre assuming talks. we con
president obama spent his afternoon in northern virginia again pushing his case for raising taxes on families earning more than $250,000 a year. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> so i think it's safe to say at this point that the president actually isn't interested...
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Dec 7, 2012
12/12
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KPIX
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from a home in virginia president obama sat with a middle class family he says will be hit hard if congress doesn't extend middle class tax cuts. >> for them to be burden unthis isly because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> republicans are standing behind their counter-offer to close tax loopholes and limit some deductions. they say the president needs to deliver a new plan they can agree on before the january 1 deadline. >>> stocks inched up as investors kept and eye on washington. the dow was up around 40, nasdaq up 16, s&p saw a 5 point increase. >>> the dungeness crab season has hit a snag. local crabbers are refusing to fish for the northern california delicacy after a new price fight with the wholesalers. the cbs 5 reporter anne makovec shows us the solidarity on the docks is being tested. >> strike last year this boat. >> right. >> well, you got go fishing. nobody is making money. >> you got go fishing. >> reporter: tensions are high on pier 45 where a lone crab boat came in this
from a home in virginia president obama sat with a middle class family he says will be hit hard if congress doesn't extend middle class tax cuts. >> for them to be burden unthis isly because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> republicans are standing behind their counter-offer to close tax loopholes and limit some deductions. they say the president needs to deliver a new plan they...
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Dec 5, 2012
12/12
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president obama dug in his heels today insisting on tax revenues for higher income earners but at a hint of compromise he said he would consider lowering tax breaks again next year. mr. obama wants to raise taxes on individuals who make more than $200,000 a year and on couples making more than $250. he said this today. the way to recovery. bill whitaker reports from california. schools close as the flu bug spreads. elaine quijano reports on where the virus is woshs and how efgtd the vaccine can be. and what city in america. >> raise revenues that are sufficient to balance with >> the issues is that we are going to have to raise revenues that are sufficient to balance with very you have to cuts that we've already made and we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> pelley: that, the republican house speaker said in response, will never work. the republican counter offer cuts spending and raises taxes for no one and nancy cordes has the state of play as of tonight. nancy? >> reporter: scott, a dispute erupted today ov
president obama dug in his heels today insisting on tax revenues for higher income earners but at a hint of compromise he said he would consider lowering tax breaks again next year. mr. obama wants to raise taxes on individuals who make more than $200,000 a year and on couples making more than $250. he said this today. the way to recovery. bill whitaker reports from california. schools close as the flu bug spreads. elaine quijano reports on where the virus is woshs and how efgtd the vaccine can...
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Dec 4, 2012
12/12
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MSNBCW
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out there, the republican from oklahoma, who said we're draz si if we don't extend the middle class tax cuts. you could see more republicans get there. and that's why i'm really glad president obama is not negotiating both for himself and for the republicans, which was sometimes his habit the last time. he's basically saying you want a bunch of cuts i don't have. don't make me propose them. that's creating some pressure on them. i think both those things will have an effect. we'll get the taxes back if we do nothing. >> the conversation in washington being separate from what it feels like the real needs of the country, a familiar feeling for me. i often have this frustration that the beltway discussion is not what the important questions are that are facing the country. in this case, i feel like as long as we're willing to talk about the economic needs of the country, as long as we're willing to talk about fiscal policy, how can it be we're not talking about new stimulus. the republicans ran against that as if the stimulus was this awful thing. but the republicans lost and we have an ec
out there, the republican from oklahoma, who said we're draz si if we don't extend the middle class tax cuts. you could see more republicans get there. and that's why i'm really glad president obama is not negotiating both for himself and for the republicans, which was sometimes his habit the last time. he's basically saying you want a bunch of cuts i don't have. don't make me propose them. that's creating some pressure on them. i think both those things will have an effect. we'll get the taxes...
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Dec 4, 2012
12/12
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FOXNEWSW
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cuts did it, why doesn't barack obama say let's have back all of the clinton tax hikes? let's have back all of the clinton tax increases object on everybody and we'll have a boom because he knows in his heart what he knew in 2010. you raise taxes on everybody, and a weak economy like we've got and you will send it into the dumpster. that's what he's threatening to do. >> that's a fair point. that's the reason it's a weak economy. when bill clinton raised taes and ended up with a surplus, conservatives like yourself loved the fact we had a surplus underather than under the last o administrations. we now have a $16 trillion national debt. >> one question, lanny. under bill clinton, they cut defense spending from reagan 6% of gdp to 3%. cut it in half as a percentage of the economy. that's why he got a balanced budget. he hatched defense. >> we've got to take a break. guys, stay there. by the way, don't forget, bill clinton had newt gingrich and they were a big part of it. actually, clinton sat down with gingrich. i don't see # i don't see that happening here. governor pali
cuts did it, why doesn't barack obama say let's have back all of the clinton tax hikes? let's have back all of the clinton tax increases object on everybody and we'll have a boom because he knows in his heart what he knew in 2010. you raise taxes on everybody, and a weak economy like we've got and you will send it into the dumpster. that's what he's threatening to do. >> that's a fair point. that's the reason it's a weak economy. when bill clinton raised taes and ended up with a surplus,...
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Dec 6, 2012
12/12
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. >> which is why i'm glad that president obama had the courage to end the bush tax cuts two years ago -- oh, wait a second. i'll tell you what. you know what? >> i agree with you. >> extended them for two more years, but at least now he's got the nerve, the courage to do what democrats have been saying all along, and end the bush -- oh, wait a second. no. he's actually keeping 98% of them. huh. >> look, he's keeping it for 98% of the country. i happen to agree. you know, i'm a supporter of the simpson-bowles approach, but we are where we are right now. and i think to chuck's point, this may make it -- and to your point -- and they may get to a point where this is very uncomfortable for democrats. again, $2 trillion, both are asking for that, it with certainly get us through the year, avoid sequestration, avoid the pain that many in the business community are concerned about. if we start growing again, imagine how easy this conversation will be next year if the economy is growing at 3% to 4%. >> yes, and the spirit of jack kemp rises from the table of "morning joe." >> growth. it's alw
. >> which is why i'm glad that president obama had the courage to end the bush tax cuts two years ago -- oh, wait a second. i'll tell you what. you know what? >> i agree with you. >> extended them for two more years, but at least now he's got the nerve, the courage to do what democrats have been saying all along, and end the bush -- oh, wait a second. no. he's actually keeping 98% of them. huh. >> look, he's keeping it for 98% of the country. i happen to agree. you...
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Dec 3, 2012
12/12
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FOXNEWSW
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they could tax them. they could for give those interest rates all together or they have seen talked about for giving some of these students loans that exist out there today. because 93 percent of all student loans in the last year were issued by the government you are talking about taxpayers ofrnt hook for this. as it goes away we are all paying for it. this is a huge problem in this country nearly a trillion dollars in outstanding student debt right now. 956 billion on the table. >> so what is the solution? >> they certainly -- -- the president has talked about interest rates are a big problem right now. record survey shows more than 50 percent of 18 to 24-year-olds are moving into their parents when they grad kuwauate college. they have capped the interest rates for give them for a certain amount of time or forgive a certain amount of debt or back off at issuing the federal loans patti. let the loans go more private maybe then we won't have colleges jacking up the tuition rates and making it hard for ev
they could tax them. they could for give those interest rates all together or they have seen talked about for giving some of these students loans that exist out there today. because 93 percent of all student loans in the last year were issued by the government you are talking about taxpayers ofrnt hook for this. as it goes away we are all paying for it. this is a huge problem in this country nearly a trillion dollars in outstanding student debt right now. 956 billion on the table. >> so...